The following cost graphs illustrate various types of cost behavior: For each of the following costs, identify
Question:
For each of the following costs, identify the cost graph that best illustrates its cost behavior as the number of units produced increases.
a. Total direct materials cost
b. Salary of quality control supervisor, $4,000 per month
c. Electricity costs of $2,000 per month plus $0.02 per kilowatthour
d. Perunit direct labor cost
e. Perunit cost of straightline depreciation on factoryequipment
Cost Graph One Cost Graph Two 0 Total Units Produced 0 Total Units Produced Cost Graph Three Cost Graph Four 0 Total Units Produced 0 Total Units Produced
Step by Step Answer:
a Cost Graph Two b ...View the full answer
Accounting
ISBN: 9780324188004
21st Edition
Authors: Carl s. warren, James m. reeve, Philip e. fess
Related Video
In accounting terms, depreciation is defined as the reduction of the recorded cost of a fixed asset in a systematic manner until the value of the asset becomes zero or negligible. An example of fixed assets are buildings, furniture, office equipment, machinery, etc. The land is the only exception that cannot be depreciated as the value of land appreciates with time. Depreciation allows a portion of the cost of a fixed asset to be the revenue generated by the fixed asset. This is mandatory under the matching principle as revenues are recorded with their associated expenses in the accounting period when the asset is in use. This helps in getting a complete picture of the revenue
Students also viewed these Managerial Accounting questions

Give two examples of unethical behavior for each of these areas: inspection, process control, process capability. For each, name the relevant ethical principle.

Identify the following costs as direct materials (DM), direct labor (DL), or factory overhead (FO) for an automobile manufacture. a. Paper used in the magazine b. Maintenance on printing machines c....

Identify the following costs as direct materials (DM), direct labor (DL), or factory overhead (FO) for a textbook publisher. a. Maintenance on printing machines b. Glue used to bind books c. Wages of...

In 1976, Mohamed EIIladad earned an undergraduate accounting degree in his native Egypt. Before he began his accounting career, ElHadad completed his compulsory service in the Egyptian military...

When a compound with molecular formula C11H14O2 undergoes acidcatalyzed hydrolysis, one of the products that is isolated gives the following 1H NMR spectrum. Identify the compound. 10 9 4

What are the risks associated with DLT?

The inner surface of a plain brick wall is at 80C and the outer surface is at 30C. Calculate the rate of heat transfer per m 2 of the surface area of the wall, which is 280 mm thick. The thermal...

Additional Data: 1. Net income for the year amounted to $104,000. 2. Cash dividends were paid amounting to 4% of par value. 3. Land was sold for $120,000. 4. Sharp sold equipment, which cost $225,000...

A 20N force acts perpendicular to the door 0.8m wide at its edge. Find moment at hinges. Also find moment at hinges if 20N force acts at 60 with the plane of door. i) 20N force acting perpendicular...

For this exercise, your client, Bright IDEAS Inc., has provided you with a listing of sales invoices. To test whether the client appears to have a receivables collectability problem, the auditor must...

Both Simmons Company and Pate Company had the same sales, total costs, and income from operations for the current fiscal year; yet Simmons Company had a lower breakeven point than Pate Company....

For Ohio State University, match each cost in the following table with the activity base most appropriate to it. An activity base may be used more than once, or not used at all. Cost: Activity Base:...

State whether each of the following relatedsamples t tests is significant for a twotailed test at a .05 level of significance. (a) t(30) = 3.220 (b) t(18) = 2.034 (c) t(12) = 2.346 (d) t(60) = 1.985

The Laplacian operator uses the 2ndorder derivative, Vf = to estimate the magnitude of the spatial variation at a point. Highfrequency emphasis is a method based on the Laplacian for enhancing...

Given an array A[p..r], consider the following recursive algorithm Max. Max(A, p, r) return A[p] 1 if p == r 2 3 else 4 ST 5 6 7 9 a == = =L(p + + r) / 2 Max (A, p, q) b Max (A, q+1, r) = if a b 00...

= Let {0,1}. The reverse of a string a denoted by rev(r) and is defined by the following recursive rule: rev(c) = c Vr, Va , rev(xa) = a.rev(x) For any set AC*, define rev(A) to be: rev(A) =...

The figure below shows a tank made of: A conical part (reversed cone) with base radius=R and height=R A cylinder with height=2R and base radius=R. If the liquid level is quite low, in the conical...

Consider P under the inner product: (p(x) q(x)) = p(2)q(2)+p(0)q(0)+p(1)q(1) +p(2)q(2). Construct an orthonormal set {ui(x), u2(x), u3(x), u(x)}, where u(2) = 1, u1(0) = 0, u(1) = 0, u(2) = 0,...

The function r(t) traces a circle. Determine the radius, center, and plane containing the circle. r(t) = 7i + (12 cos t)j + (12 sin t)k

The Thomas Corporation was organized on Jan. 1, 2020. On Dec. 31, 2021, the corporation lost most of its inventory in a warehouse fire before the yearend count of inventory was to take place. just...

True Or False Nominal damages cannot be awarded in intentional tort and strict liability cases but can be awarded in negligence cases.

(Analysis of Amortization Schedule and Interest Entries) The following amortization and interest schedule reflects the issuance of 10year bonds by Capulet Corporation on January 1, 2004, and the...

(Issuance and Retirement of Bonds) Venezuela Co. is building a new hockey arena at a cost of $2,500,000. It received a down payment of $500,000 from local businesses to support the project, and now...

(Negative Amortization) GoodDeal Inc. developed a new sales gimmick to help sell its inventory of new automobiles. Because many new car buyers need financing, GoodDeal offered a low down payment...

Use matrices (rowechelon form) to solve the following system of linear equa tions. If the system has no solution, say that it is inconsistent. 3x + 2y = 7 x+y=3

For the following function : f(x) = 1/3 x^3 + 4x^2 + 16x a. Determine the critical points. b. Calculate the second derivative c. Determine if the function is concave up or down or not concave d....

2. An activity director for a cruise ship has surveyed 240 passengers. Of the 240 passengers; 135 like swimming, 150 like dancing, 65 like games, 80 like swimming and dancing, 40 like swimming and...
Study smarter with the SolutionInn App